BidaskClub upgraded shares of GoPro (NASDAQ:GPRO) from a sell rating to a hold rating in a research report report published on Saturday morning.
GPRO has been the subject of several other research reports. Vetr raised GoPro from a strong sell rating to a sell rating and set a $5.00 price target for the company in a research note on Monday, March 12th. Morgan Stanley cut GoPro from an equal weight rating to an underweight rating and decreased their price target for the company from $9.50 to $5.00 in a research note on Tuesday, January 23rd. Dougherty & Co reissued a sell rating and issued a $4.00 price target (down previously from $7.00) on shares of GoPro in a research note on Tuesday, January 9th. Citigroup decreased their price target on GoPro to $7.00 and set a neutral rating for the company in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised GoPro from a strong sell rating to a hold rating in a research note on Wednesday, April 4th. Four research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. GoPro presently has a consensus rating of Hold and a consensus target price of $7.71.
Shares of GPRO opened at $5.04 on Friday. GoPro has a 12-month low of $4.42 and a 12-month high of $11.89. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $768.93, a price-to-earnings ratio of -4.75 and a beta of 0.20.
GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The firm had revenue of $334.80 million during the quarter, compared to analyst estimates of $340.19 million. During the same period in the previous year, the company earned $0.29 EPS. GoPro’s revenue for the quarter was down 38.1% on a year-over-year basis. research analysts forecast that GoPro will post -0.8 earnings per share for the current fiscal year.
In related news, SVP Sharon S. Zezima sold 14,966 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.60, for a total transaction of $83,809.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian Mcgee sold 11,124 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.65, for a total value of $62,850.60. Following the sale, the chief financial officer now owns 71,958 shares in the company, valued at approximately $406,562.70. The disclosure for this sale can be found here. 28.58% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in GPRO. Millennium Management LLC boosted its position in shares of GoPro by 310.4% during the 4th quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock valued at $5,178,000 after purchasing an additional 517,298 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of GoPro by 1,970.7% during the 4th quarter. Engineers Gate Manager LP now owns 394,560 shares of the company’s stock valued at $2,987,000 after purchasing an additional 375,506 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of GoPro during the 4th quarter valued at about $2,237,000. BlackRock Inc. boosted its position in shares of GoPro by 4.4% during the 4th quarter. BlackRock Inc. now owns 6,887,094 shares of the company’s stock valued at $52,136,000 after purchasing an additional 291,214 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of GoPro by 25.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 782,705 shares of the company’s stock valued at $5,926,000 after purchasing an additional 160,745 shares in the last quarter. Institutional investors own 26.00% of the company’s stock.
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GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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